By Kwanwoo Jun
Korean Air Lines shares rose sharply, leading a broad rally in South Korean airline stocks amid hopes that the won’s strength could help reduce their cost burden.
The won hit a six-month intraday high against the dollar early Wednesday. A stronger won helps ease operating costs for South Korean carriers, which pay for jet-fuel purchases, maintenance fees, aircraft leases and other major business expenses in the U.S. currency.
Korean Air’s stock advanced as much…
